Result of AGM

RNS Number : 8167A
Lookers PLC
31 May 2019
 

31 May 2019

 

Lookers plc

 

(the "Company")

 

 

Result of Annual General Meeting

 

The Company is pleased to announce that at the Annual General Meeting held today, Friday 31st May 2019, the Resolutions as set out in the Notice of Meeting were passed.

For information, details of the proxy votes received in respect of the Resolutions are set out below:

 

Resolution

For

%

Against

%

Votes withheld

1.    Financial Statements

308,350,356

100

0

0

189,804

2.    Directors' Remuneration Report

206,812,484

67.03

101,727,675

32.97

0

3.    Final Dividend

308,539,210

99.99

950

0.01

0

4.    Re-elect Andy Bruce

307,119,932

99.54

1,420,228

0.46

0

5.    Re-elect Robin Gregson

306,864,285

99.46

1,675,875

0.54

0

6.    Re-elect Nigel McMinn

307,119,982

99.54

1,420,178

0.46

0

7.    Re-elect Tony Bramall

306,867,584

99.46

1,672,576

0.54

0

8.    Re-elect Phil White

281,141,884

91.12

27,398,276

8.88

0

9.    Re-elect Richard Walker

298,444,038

96.73

10,096,122

3.27

0

10.  Re-elect Sally Cabrini

298,218,437

96.65

10,321,723

3.35

0

11.  Re-elect Stuart Counsell

297,018,766

96.31

11,380,975

3.69

140,419

12.  Re-appoint Auditor

250,449,778

81.17

58,090,382

18.83

0

13.  Remuneration of Auditors

308,536,624

99.99

950

0.01

2,586

14.  Authority to Allot

307,494,032

99.66

1,043,542

0.34

2,586

15.  *Disapplication of Pre-emption Rights

308,513,255

99.98

13,586

0.01

0

16.  *Disapplication of Pre-emption Rights for Acquisitions and Capital Investments

308,513,255

99.98

13,586

0.01

0

17.  *Authority to Purchase Own Shares

308,162,447

99.98

20,144

0.01

344,250

18.  *General Meetings on 14 clear days' notice

306,373,697

99.3

2,166,413

0.7

50

* Special Resolution

 

We have engaged with a large number of our major shareholders over the course of the year and in recent weeks and would like to thank them for giving us the opportunity to speak to them ahead of our AGM. We are disappointed that a number of shareholders who voted in favour of our remuneration policy in 2017 have not supported the advisory vote on the Remuneration Report at this year's AGM.

 

The Board believed that it was necessary to increase the CEO's base salary to ensure that remuneration remains competitive relative to the market, especially in the current uncertain economic environment. Notwithstanding this, the Remuneration Committee notes the concerns raised by shareholders, and will reflect on the feedback when its puts a new policy to shareholders at the 2020 AGM.

 

 Notes:

i.      Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolution and their shares have been included within the votes 'FOR' column.

ii.     A vote 'WITHHELD' is not a vote in law and is not counted in the calculation of percentages of the votes cast against a resolution.

iii.    Prior to the meeting there were 389,077,822 ordinary shares of 5 pence each in issue.

In accordance with the Company's obligations under Listing Rule 9.6.2, full details of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for viewing at www.morningstar.co.uk/uk/nsm.

 

 

For further information, please contact

Lookers

Tel: 0161 291 0043

Andy Bruce, Chief Executive Officer

 

Robin Gregson, Chief Financial Officer

 

 

 

Glenda MacGeekie, Company Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGLLFIEELILVIA

Companies

Lookers (LOOK)
UK 100

Latest directors dealings